Board of Directors Meeting

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FINANCIAL STATEMENTS New York City Industrial Development Agency (a component unit of the City of New York) JANUARY 31, 2013 and 2012 (Unaudited)
New York City Industrial Development Agency (a component unit of the City of New York) Combined Statements of Revenues, Expenses and Changes in Fund Net Assets (unaudited) For the Seven Months Ended January 31, 2013 2012 Operating revenues: Finance fees $ l ,930,056 $ 753,626 Finance fees - Liberty bonds !00,000 9,907,977 Compliance fees 542,85! 704.811 Application fees 75,000 !20,000 Post closing fees 62,500 65,000 Recapture income 2,39!,3!5 !3,538 Other income !!,833 !6,885 Total operating revenues (Note I) 5, !!3,555 !!,58!.859 Operating expenses: Management fees 3,530,402 3.530,402 Consulting fees 6,745 Audit fees !3.559 Public hearing expenses 55,254 5!,469 Marketing/ Advertising 70! 2,280 Legal fees 5,000 Miscellaneous expenses !,44! 1.563 Contigency fee - EDC !,359 Total operating expenses (Note 2) 3,595,902 3,604,273 Operating gain (loss) !,5!7,653 7,977.586 Nonoperating revenues (expenses) Interest income 65,!!5 !00.528 Special project costs (Note 6) (!,772,!9!) (667,763) Special project costs~ Hurricane Emergency Loan Program (Note 6) (3,200,000) Total nonoperating revenues (expenses) (4,907,076) (567.235) Nonoperating financing revenues (expenses) (Note 7) PILOT lease income 59,64!,447 64.764,872 PILOT investment income !,688,944 !,429,')26 Bonds interest expense (57,67!,953) (64,631.290) Other bond amortizations (l,9!8,998) (I ,958,809) Gain (loss) on swap (!,739,440) 395,10 I Total nonoperating financing revenues (expenses) Change in net assets (3,389,423) 7,410,35! Unrestricted net assets, beginning of year 57,273,572 50,638,060 Unrestricted net assets, end of period $ 53,884,!49 $ 58,048,4!! See accompanying notes - l -
Page 1 and 2: Board of Directors Meeting Tuesday,
Page 3 and 4: Following the March Board meeting,
Page 5 and 6: MINUTES OF THE MEETING OF THE BOARD
Page 7 and 8: 4. Rock Beach Food Corp. Molly Hart
Page 9 and 10: There being no further comments or
Page 11: involved in the Hurricane Sandy rel
Page 15 and 16: New York City Industrial Developmen
Page 19 and 20: Supplementary Information
Page 21 and 22: NoteS Bank CASH & CASH EOUIV ALENTS
Page 27 and 28: 149 Street Food Corp The location o
Page 29 and 30: 149 Street Food Corp Projected Inco
Page 31 and 32: 3. (c) no funds of the Agency shall
Page 35 and 36: Eclectic/Encore Properties, Inc. In
Page 37 and 38: Eclectic/Encore Properties, Inc. In
Page 39 and 40: [}fcLECT l' R 0 P S January II, 20
Page 41 and 42: ll is crucial that the IDA approves
Page 43 and 44: Section 3. Nothing herein shall be
Page 45 and 46: 185 Canal Street, LLC Costs of Bene
Page 47 and 48: 185 Canal Street, LLC Income Statem
Page 49 and 50: 185 Canal Street, LLC General and A
Page 51 and 52: Original Mortgage Indebtedness), th
Page 55 and 56: Rock Beach Food Corp The store woul
Page 57 and 58: Rock Beach Food Corp Balance Sheet
Page 59 and 60: Resolution authorizing and approvin
Page 61 and 62: 3. Section 4. This Resolution shall
Page 63 and 64:
American Airlines. Inc. Project Loc
Page 65 and 66:
WHEREAS pursuant to the Agreement,
Page 67 and 68:
NEW YORK CITY INDUSTRIAL DEVELOPMEN
Page 69 and 70:
Page 71 and 72:
Page 73 and 74:
Type of Financial Assistance B =Bon
Page 75 and 76:
Type of Financial Assistance B =Bon
Page 77:
Definitions I. Ratio Definitions Li
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Board of Directors Meeting

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